About Eternal Trusts
Nowadays, one of the methods to guarantee that a person’s legacy can have a lasting influence is setting up a trust fund, a special type of legal agreement that provides a trusted third party with the right to hold and spend assets according to a specific goal set by the trust settlor. The trust market has not experienced any radical change with the advent of new technology and is still based on centuries-old principles. Currently, it exceeds 20 trillion dollars under management. Although unlike Wills, Trusts allow their Settlors to protect assets from third-party claims and avoid probate, their legal structure is currently incapable of securely incorporating digital assets such as apps, cryptocurrencies and tokens. Moreover, the management fees involved are not affordable for most people, and the range of potential purposes is constrained by the limited expert networks that collaborate with trustees.
The mission of Eternal Trusts, as a cutting edge organization spearheaded by experts in blockchain and finance, is to revolutionize the centuries old fiduciary industry and make it secure, autonomous, transparent, flexible and affordable by creating the world’s first fiduciary crypto protocol. The inherent qualities of cryptocurrency-based solutions allow us to design an innovative model of a Trust Fund which absolutely outperforms and outcompetes its traditional predecessor. We make this model available for integration to all trustworthy companies that provide financial services today.
The Eternal Trusts protocol combines private and public blockchain technology to make traditional trust funds a thing of the past. The decentralized apps built on ET are an effective financial instrument with a long-lasting impact that operates autonomously according to a complicated spending scenario. ET-powered apps can store crypto capital for centuries, turning to the expertise of so-called networks of oracles -- groups of reputable, trusted parties to be in control of asset administration and rewarded for making optimal decisions. These networks are tasked with managing assets and seeking the best providers capable of performing the grand purposes set by the dApp end users, be it supporting multiple generations of their offspring financially or contributing to a global charitable cause.